SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are Palm Inc., Pfizer Inc. and Oracle Corp.
Chaparral Steel Co. (CHAP) is expected to report earnings per share for its second quarter of $1.26 per share, according to analysts polled by Thomson First Call.
Christopher & Banks Corp. (CBK) is expected to post third-quarter per-share income of 24 cents.
Cintas Corp. (CTAS) is expected to post second-quarter per-share income of 52 cents.
Circuit City Stores Inc. (CC) is expected to post third-quarter per-share income of 5 cents.
Darden Restaurants Inc. (DRI) is expected to post second-quarter earnings of 40 cents per share.
Marcus Corp. (MCS) is expected to post per-share income of 19 cents for the second quarter.
Morgan Stanley (MS) is expected to report fourth-quarter per-share income of $1.77.
Palm (PALM) is expected to report second-quarter per-share income of 15 cents.
After Monday's closing bell, Pfizer (PFE) said Jeffrey Kindler, recently appointed chief executive, has been elected chairman, succeeding retiring chairman and former CEO Henry McKinnell, who will remain a director until February.
Applied Signal Technology Inc. (APSG) said fourth-quarter net income fell, as contracts revenue declined, to $568,000, or 5 cents a share, from $3.11 million, or 26 cents a share, during the same period in the prior year.
Belo Corp. (BLC) said November revenue rose 8.6% from the same period in the prior year. The media company said its television group's monthly revenue rose 19%, while monthly Newspaper Group revenue fell 0.9%.
BioMarin Pharmaceutical Inc. (BMRN) said the pivotal Phase 3 extension study of Phenoptin had positive results. The results for Phenoptin, an investigational oral small molecule for the treatment of patients with phenylketonuria, confirm that all pre-specified safety and efficacy endpoints of the open-label extension study were met, the company said.
Commercial Metals Co. (CMC) said it has increased its quarterly cash dividend 50% to 9 cents a share from 6 cents a share. The company said the dividend is payable Jan. 25 to shareholders of record as of Jan. 5.
Gilead Sciences Inc. (GILD) said it has submitted a new drug application to the Food and Drug Administration for marketing approval of ambrisentan for the once-daily treatment of pulmonary arterial hypertension.
Hain Celestial Group Inc. (HAIN) said it has agreed to buy Avalon Natural Products Inc. from North Castle Partners L.L.C., a private equity firm, for $120 million in cash.
Hospitality Properties Trust (HPT) said its public offering of 12 million shares has priced at $47.51 each for a total of $570.1 million. The real estate investment trust expects to use the proceeds to partially fund the acquisition of TravelCenters of America Inc.
Intersil Corp. (ISIL) said it has approved a share repurchase program of up to $400 million over the next 12 months. The chip maker said the program will be funded using free cash flow and cash on hand.
Moody's Corp. (MCO) said it has acquired Wall Street Analytics Inc., a finance software developer, for an undisclosed sum. Moody's, which provides credit ratings and other services, said it does not expect the financial impact to be material.
Oracle (ORCL) said its second-quarter profit rose 21%, as sales surged 26%, boosted by stronger demand for the business-application software products it acquired along with smaller rivals.
Perot Systems Corp. (PER) said it has agreed to buy QSS Group Inc. for $250 million in cash. QSS is a provider of information technology services to the federal government. Plano, Texas-based Perot expects the deal to add 5 cents a share to 2007 earnings, excluding items.
Physicians Formula Holdings Inc. (FACE) said third-quarter net income fell, as interest expense rose, to $223,000 from $589,000 during the same period in the prior year. The cosmetics company swung to quarterly income for shareholders of $223,000, or 2 cents a share. During the same period in the prior year, the net loss for shareholders was $230,000, or 2 cents a share.
Quantum Fuel Systems Technologies Worldwide Inc. (QTWW) said its second-quarter net loss widened to $89.3 million, or $1.40 a share, from $3.04 million, or 6 cents a share, in the same period last year, due to a $72.3 million impairment loss on goodwill related to an acquisition.
Shutterfly Inc. (SFLY) said its second manufacturing facility is scheduled to open in the third quarter in Charlotte, N.C. The new facility will help meet increasing demand, and increase speed and efficiency in producing and shipping products such as photo books.
Target Corp. (TGT) said its December sales at stores open at least one year were trending in line with its prior forecast of a 3.5% to 5.5% gain. The discount retailer's forecast compares with a same-store sales rise of 4.7% in the same month a year earlier.
United Parcel Service Inc. (UPS) said John Beystehner, chief operating officer, is retiring, effective Jan. 2. Beystehner is also president of UPS Airlines and a board member.
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